{"id":2603,"date":"2022-05-19T06:51:29","date_gmt":"2022-05-19T06:51:29","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/its-all-sun-and-games-for-sunshine-coast\/"},"modified":"2022-05-19T06:51:29","modified_gmt":"2022-05-19T06:51:29","slug":"its-all-sun-and-games-for-sunshine-coast","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/its-all-sun-and-games-for-sunshine-coast\/","title":{"rendered":"It’s all sun and Games for Sunshine Coast"},"content":{"rendered":"

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While metropolitan property markets report a going-out of the tide on property values, investment prospects still lap the shores of Queensland\u2019s Sunshine Coast.<\/p>\n

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While metropolitan property markets report a going-out of the tide on property values, investment prospects still lap the shores of Queensland\u2019s Sunshine Coast.<\/p>\n

Median house prices remain over a $1 million dollars and there is strong evidence forecasting, not just fine, but exceptional investment weather ahead.<\/p>\n

CoreLogic price growth and rental data support the notion that the Sunshine Coast is experiencing stability in the wake of rapid growth.<\/p>\n

The median house price on sits at $1,108,090, compared to the rest of Queensland, which is half that at $555,277.<\/p>\n

The Sunshine Coast, 100 kilometres north of central Brisbane<\/a>, spans around 60 kilometres of coastline, from Pelican Waters<\/a> in the south to Tewantin<\/a> in the north.<\/p>\n

The strongest coastal location is Noosa<\/a> with a median house price of $1,615,404, showing a monthly, quarterly and annual change of 1.6 per cent, 5.3 per cent and 30.1 per cent, respectively.<\/p>\n

The weakest – though still very strong – is Nambour<\/a>, where the median price is $894,830 with monthly, quarterly and annual price growth sitting at 1.4 per cent, 5.7 per cent and 29.1 per cent respectively.<\/p>\n

The story these figures don\u2019t tell however is the explosion of major infrastructure projects, including housing developments such as the $4 billion master-planned Palmview<\/a> community, preparation to host the 2032 Olympics, a redevelopment of the Maroochydore<\/a> CBD and the Sunshine Coast International Broadband Network project that will be adjacent to it.<\/p>\n

Speaking to API Magazine <\/em>about investment prospects on the Sunshine Coast, Mooloolaba<\/a>-based Direct Collective CEO and Head of Research, Mal Cayley, said, \u201cThere there has never been an opportunity presented to a residential property investor in Australia\u2019s history than what the Sunshine Coast presents today – that\u2019s a pretty bold statement but all the evidence is there.\u201d<\/p>\n

\"Towns<\/div>\n

The Olympic Games are to be hosted on the Sunshine Coast in 2032 and may boost visitation but the greatest benefit Mr Cayley expects, above social capital, is putting the Sunshine Coast on the map.<\/p>\n

\u201cThe opportunity has never presented itself in any Australian city in history and unlikely to again.<\/p>\n

\u201cIt\u2019s beyond unique, it\u2019s literally a set of once in history-type circumstances and some of the contributing factors have no precedence, so there\u2019s nothing we can compare it to, to begin to understand its full impact.\u201d<\/p>\n

\u201cThere are people in Victoria and New South Wales who still don\u2019t geographically understand where the Sunshine Coast is.<\/p>\n

\u201cWe still get a lot of people thinking it\u2019s part of the Gold Coast, and that it\u2019s south of Brisbane not north, or that it\u2019s its own region.\u201d<\/p>\n

Consequently, much of the Coast\u2019s growth has been driven by local investment.<\/p>\n

\u201cWhat\u2019s happening here is happening from a local perspective, not from a hugely national or international investment perspective, like what happened on the Gold Coast in the 1980s and early 90s,\u201d Mr Cayley said.<\/p>\n

\u201cIt\u2019s very much about a diversifying and expanding economy that has this incredible lifestyle positioning as well, as lifestyle that attracts people to the region, but what they\u2019re actually coming to the region for is jobs.\u201d<\/p>\n

The last ten years are not a predictor for what\u2019s coming in the next ten years.<\/p>\n

\u201cThere\u2019s $12.5 billion of infrastructure underway on the Sunshine Coast.<\/p>\n

\u201cThere\u2019s already more than that bundled in the pipeline and twice that if you look at the potential projects that could come as a result.<\/p>\n

\u201cWhen you talk about the ninth largest urban centre in the country and it has the highest infrastructure spend per capita of the top 20 cities in Australia, it\u2019s not just about what\u2019s happening now, it\u2019s about what that money will build and creates from an economic, job and lifestyle opportunity going forward.\u201d<\/p>\n

One of the region\u2019s exponential growth key drivers is the build in Maroochydore of a new CBD.<\/p>\n

\u201cThat doesn\u2019t sound like a big deal.<\/p>\n

\u201cThis is a green-filled CBD; it was a golf course and now we\u2019re building something that\u2019s going to have a bigger footprint in the CBD, not as high but a larger footprint.<\/p>\n

\"Mal<\/p>\n

Mal Cayley, CEO and Head of Research for Direct Collective<\/p>\n<\/div>\n

\u201cWe haven\u2019t on the Sunshine Coast had that central business district before but we have that now being created and it\u2019s bringing investment to the region that wouldn\u2019t normally come.<\/p>\n

\u201cDuring covid, a fully capable international airport was built. We haven\u2019t really seen the benefits of that yet but it\u2019s not really about that – the floods have proven the importance of an air bridge for trade and business as well.<\/p>\n

Another driver for job and population growth is the Sunshine Coast International Broadband Network which will connect adjacent to the Maroochydore CBD.<\/p>\n

\u201cNo regional city in the world has had a submarine cable so when you connect a new cable to a country, it increases GDP, because there\u2019s new trade opportunities created.<\/p>\n

\u201cIt will be the fastest connection to Asia compared to anywhere else in Australia and second to the USA.<\/p>\n

\u201cIt\u2019s not just landing in the Sunshine Coast either but will be connected here and that alone will drive massive growth.<\/p>\n

\u201cThen you\u2019ve got the Turbine Project that\u2019s basing itself at the airport.<\/p>\n

\u201cThis is a food and agribusiness manufacturing, packaging, laboratory and testing precinct, so all our small agribusinesses can now compete on an international and national scale with the big players.\u201d<\/p>\n

Supply crisis<\/strong><\/p>\n

While the property market is now strong on the Sunshine Coast and future development growth holds much promise, the resultant housing crisis is a major issue.<\/p>\n

\u201cThe fundamental issue on the Sunshine Coast is we have such a massive opportunity and massively expanding economy, yet we have a huge crisis-level undersupply.<\/p>\n

\u201cWe have rising homelessness and an absolute rental crisis<\/a> so the challenge with that is our planning scheme offers no way to resolve it.<\/p>\n

\u201cIf you look forward, with everything that\u2019s coming, we have to have crisis talks now or we\u2019re not going to solve this crisis in the next 10 to 15 years.<\/p>\n

\u201cIt\u2019s a challenge for the community but it screams opportunity for investors,\u201d Mr Cayley said.<\/p>\n

Similar issues have emerged around Australia, in particular Queensland, which has close to a zero vacancy rate in many areas and soaring prices in Brisbane<\/a> and elsewhere.<\/p>\n<\/p><\/div>\n

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[ad_1] While metropolitan property markets report a going-out of the tide on property values, investment prospects still lap the shores of Queensland\u2019s Sunshine Coast. While metropolitan property markets report a going-out of the tide on property values, investment prospects still lap the shores of Queensland\u2019s Sunshine Coast. Median house prices remain over a $1 million […]<\/p>\n","protected":false},"author":1,"featured_media":2604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-2603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"yoast_head":"\nIt's all sun and Games for Sunshine Coast | Urban Buyer: Buyers Agent & Advocates | Best Property Buyers For You<\/title>\n<meta name=\"description\" content=\"While metropolitan property markets report a going-out of the tide on property values, investment prospects still lap the shores of Queensland\u2019s Sunshine\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/royabhishek.in\/urbanbuyer\/its-all-sun-and-games-for-sunshine-coast\/\" \/>\n<meta property=\"og:locale\" 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